RBI deputy governor urges banks to treat technology risk as top priority
Published · Updated
AI-generated summary of the coverage listed below: RBI deputy governor Rohit Jain said banks must recognise technology risk as a first‑order enterprise risk, as digital tools become integral to core banking, payments, onboarding, credit assessment, fraud monitoring and regulatory reporting. He called for stronger governance, greater visibility into technology infrastructure, tighter controls and regular testing of operational resilience. The move aims to safeguard financial stability amid rapid AI adoption. QUOTE: "Govern AI before scaling it" — Mint
Covered by 2 outlets across the spectrum: 0% left, 100% center, 0% right.
Who is covering this story
- Center (2): Mint, The Hindu BusinessLine
Sources
- Govern AI before scaling it: RBI’s 10 commandments for tech risk — Mint (center)
- Banks need to recognise tech risk as 1st-order enterprise risk: RBI Dy Guv Jain — The Hindu BusinessLine (center, AI-estimated)